close
close

Canadian Critical Minerals generates USD$95,000 in revenue from Bull River mine

Canadian Critical Minerals generates USD,000 in revenue from Bull River mine

Calgary, Alberta–(Newsfile Corp. – September 19, 2024) – Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) (“CCMI” or the “Company”) is pleased to report the Company’s proceeds from the sale of stockpiled copper, gold and silver bearing minerals at the Bull River mine (“BRM“) project near Cranbrook, BC. During the month of August 2024, the company transported 434 dry metric tons (“dmt“) of graded mineralized material to New Afton and the Company received an interim payment of approximately USD$95,000 for deliveries in August 2024. The mineralized material sent to New Afton graded 3.33% Cu, 0.64 g/t Au and 26.7 g/t Ag.

The Company was unable to operate the ore sorter for 10 days in early August 2024 due to the depletion of the inventory of previously crushed and screened coarse material by the end of July 2024 and the contractor responsible for operating the crushing and screening unit experiencing delays in re-mobilizing equipment and crews to the mine site. This resulted in less concentrated ore being produced by the ore sorter during the month. A larger crushing and screening unit was re-commissioned in mid-August 2024 and the unit is performing exceptionally well. Based on current productivity levels, the Company expects the entire surface inventory, estimated at approximately 180,000 tonnes, to be crushed and screened by the end of September 2024 through early October 2024. To date in September 2024, the Company has already exceeded the amount of material shipped to New Afton in August 2024.